Home Tags Vincent Mariel P. Galang

Tag: Vincent Mariel P. Galang

Sectors bare expectations for administration’s 2nd half

PRESIDENT Rodrigo R. Duterte had done relatively well in the first half of his term in pushing fiscal and other economic reforms as well as in stepping up infrastructure spending, but much still needs to be done in liberalizing the economy and overhauling an outdated tax structure, industry groups said in separate interviews last week.

Agriculture: low productivity and high production costs

THE PHILIPPINE agriculture sector has always been weighed down by low productivity and high production costs, because it has long lagged in adopting technology.

Rice SRP to leave small farmers vulnerable to exploitation — FFF

FARMERS said the government should focus on helping small farmers instead of imposing suggested retail price on rice, which they called a means for traders to take advantage of farmers.

Maintaining biodiversity seen as pathway to conserving fisheries, scientists say

FISHERFOLK can be taught to look after the environment while earning a livelihood with the proper instruction, the Department of Science and Technology (DoST) said.

Lanson Place Hotel to open in Mall of Asia complex by...

LANSON Place Hotel and Serviced Suites is set to open in the Philippines in 2022. This after SM Hotels and Conventions Corp. (SMHCC) and Lanson Place Hospitality Management Ltd. (LPHM) recently signed a management agreement for the opening of Lanson Place within the SM Mall of Asia complex in Pasay City.

Lorenzo Tan assumes top post at House of Investments

HOUSE of Investments Inc. (HI) has appointed banker Lorenzo V. Tan as its president and chief executive officer.

Lufthansa Technik PHL plans $40-M expansion

LUFTHANSA Technik Philippines (LTP) is planning to invest $40 million to expand its facility in Villamor Airbase in Pasay City, according to the Department of Trade and Industry (DTI).

Robinsons Land opens Galleria mall in Laguna

ROBINSONS Land Corp. (RLC) is opening its 52nd shopping mall in the country — the Robinsons Galleria South Mall in San Pedro, Laguna.

Sugar output flat in late June; 2020 industry dev’t budget P500M

SUGAR production as of the fourth week of June was little changed, rising 0.02% year-on-year, the Sugar Regulatory Administration (SRA) said.

Nationwide round-up

HOG INDUSTRY stakeholders called for the immediate appointment of a new Agriculture secretary amid the spread of African Swine Fever (ASF) and the threat of its entry into the Philippines.

MGB approved feasibility study for Mabilo project — RTG Mining

THE Mines and Geosciences Bureau (MGB) has approved the feasibility study for the Mabilo project in Camarines Norte, according to mining and exploration company RTG Mining.

DA to impose price controls on rice

THE Department of Agriculture (DA) said it is seeking to rein in what it called “uncontrolled” market prices for rice by imposing a suggested retail price (SRP) system for the staple grain.

Shares extend decline on US-China tariff threats

STOCKS continued to decline on Wednesday as the market was weighed down by threats of new tariffs by the US on Chinese goods.

DA blames drop in NFA rice inventory on refusal to import

THE DEPARTMENT of Agriculture (DA) rejected blame for the rice crisis of 2018, saying that the National Food Authority’s (NFA) inventory dropped because of its governing council’s refusal to import foreign grain.

Local stocks slump on last-minute profit taking

STOCKS failed to sustain their momentum on Tuesday on last-minute profit taking due to developments in the US-China trade war.

Benguet potato farmers double yield with seeds from Canada

POTATO FARMERS in Benguet reported double yield with the use of potato seeds from Canada, the Department of Agriculture (DA) said.

Alviera development gains pace with country club opening

THE development of Alviera, Ayala Land Inc.’s (ALI) masterplanned estate in Porac, Pampanga, is picking up speed, with the opening of its country club.

Sugar output rises 0.23% in late June

SUGAR production as of the third week of June rose 0.23% year-on-year, the Sugar Regulatory Administration (SRA) said.

Palay output Q2 estimate pointing to 5.6% decline

PRODUCTION of palay, or unmilled rice, for the second quarter has been initially estimated at 3.86 million metric tons (MMT), down 5.6%, the Philippine Statistics Authority (PSA) said.

Ortigas not keen on IPO for now

ORTIGAS & Co. is holding off plans for an initial public offering (IPO) at least until 2024.

Developer to invest P1.8B for Cavite expansion

LAGUNA-BASED developer P.A. Properties and Development Corp. (P.A. Properties) and Japanese real estate firm Hankyu Hanshin Properties Corp. (HHPC) are investing P1.8 billion to further develop its residential project in Dasmariñas, Cavite.

Parañaque terminal eyes more routes, services

A MODERN intermodal terminal in Parañaque City that will serve commuters between Metro Manila and nearby provinces plans to add more routes and services by year-end, according to Jason Torres, assistant vice president at Megawide Construction Corp., part of a consortium that won the project.

Rice inventory rises 10.1% in early June

THE national rice inventory was estimated at 2.598 million metric tons (MMT) on June 1, up 10.1% from a year earlier, but fell 11.8% month-on-month, the Philippine Statistics Authority (PSA) said.

PAL, Cebu Pacific on-time performance improves in July

PHILIPPINE Airlines, Inc. (PAL) and Cebu Pacific showed significant improvements in their on-time performance (OTP) in July, two weeks after they signed signed pledges to improve with the Department of Transportation (DOTr).

PSEi closes in on 8,200

LOCAL SHARES closed in on 8,200 on Friday — fueled partly by a return of net foreign buying — but failed to hit that level and finished lower at the end of the session amid lack of sufficient leads to sustain the lift.

NFA palay procurement tops 5.4M bags in first half

THE procurement of palay, or unmilled rice, amounted to more than 5.4 million bags in the first half, exceeding the target by 16%, the National Food Authority said in a statement, as the agency concluded its first half-year focused only on domestic rice procurement.

Stocks extend climb on Fed, BSP rate cut bets

LOCAL SHARES extended their gains on Thursday as investors continued to price in possible rate cuts by the US and local central banks.

POGOs, BPOs to fight for limited office space in Metro Manila

THE Philippine Offshore Gaming Operators (POGOs) industry is expected to unseat the Information Technology and Business Process Management (IT-BPM) sector as the top office space occupier in Metro Manila by the end of the year, according to Leechiu Property Consultants (LPC).

Developer Ortigas sets P12-billion capex

ORTIGAS & Co. is allocating around P12 billion for capital expenditures (capex) this year, the bulk of which will be used for the development of a new mixed-use project in Ortigas Center.

The Medical City says shareholders elect ‘well-balanced’ board of directors

THE Medical City (TMC) has voted what the institution called a “well-balanced” board of directors during its annual stockholders’ meeting, which was participated in by 93% of shareholders either physically or by proxy.

PHirst inks loan deal with Security Bank

PHirst Park Homes, Inc. on Wednesday said it has signed a P450-million loan facility with Security Bank Corp. for the development of a residential community in San Pablo, Laguna.

Israel signs P44-B loan agreement to support solar irrigation

THE Agriculture department said Israel has agreed to assist the Philippines in a project that intends to promote the use of solar-powered irrigation.

Gardenia expands with new facility in Pampanga

GARDENIA Bakeries Philippines, Inc. is expecting stronger sales and volume growth this year, after it inaugurated its P2-billion bread manufacturing facility in Mabalacat City, Pampanga.

Tawi-Tawi’s Sibutu Island chosen as site for floating solar farm prototype

THE Department of Agriculture (DA) said a prototype floating solar farm funded by the fisheries bureau will be built in Tawi-Tawi Province’s Sibutu Island.

Farmers say rice tariffs shortchange RCEF

A FARMERS’ GROUP has alleged that imported rice is being undervalued to evade tariffs following the implementation of the Rice Tariffication Law early this year, possibly shortchanging a rice farmers’ fund financed by tariffs.

Chen Yi launches rice processing facility

CHEN YI Agventures has launched its P1.7-billion rice processing complex for farmers in Alangalang, Leyte.

Italy offers investment aid to develop Bangsamoro

THE ITALIAN government has offered public and private assistance for the development of the Bangsamoro Region, Agriculture Secretary Emmanuel F. Piñol said.

Ocean conservation effort warrants new gov’t department, experts say

A NEW GOVERNMENT department is needed to manage and conserve ocean resources, which is too big a job for the agriculture-focused agencies currently tasked with protecting the country’s seas, experts said.

No increase in MWSS water allocation yet despite Angat level improvement

THE NATIONAL Water Resources Board (NWRB) on Wednesday said it will maintain its water allocation to Metropolitan Waterworks and Sewerage (MWSS) at 36 cubic meters per second (CMS) to help in first improving the water level in Angat Dam.

Sugar output rises 0.63% in mid-June

SUGAR PRODUCTION at the second week of June rose 0.63% year-on-year, the Sugar Regulatory Administration (SRA) said.

Dominguez says gov’t taking ‘close look’ at sugar import liberalization

FINANCE Secretary Carlos G. Dominguez III said that the government is looking into liberalizing sugar imports because prices of the domestic product are uncompetitive.

Agriculture sector insider likely to replace Piñol

SOMEONE ALREADY affiliated with the sector is likely to be appointed as the next Agriculture secretary, according to one of the President’s top economic managers.

Coconut products maker plans to raise nearly P8B from IPO

A COCONUT products manufacturer is looking to raise up to P7.7 billion via an initial public offering (IPO) in October.

Urban farming company seeking to help the poor one bayong at...

UPROOT Urban Farms, a social enterprise, said its aim is to improve the lives of low-income families through urban farming.

Water level at Angat improves, but still below critical point

ANGAT DAM’S water level moved up to 158.64 meters after months of decline due to the enhanced southwest monsoon.